SA Tax Returns Thorpe Bay

we'll do it for a price you can afford

SA Tax Returns in Thorpe Bay

Anyone who is self-employed will know the pain of completing a self-assessment return – something that can take hours and cause huge amounts of stress. Even when you think you’re finished, you know there could be mistakes, and this is always concerning, considering an SA tax return is a legal document.

However, there is a way to escape the task of filling out a tax return: outsource the entire job to professionals, such as our accountants here at MCL. We’re experts at completing SA tax assessments for clients in a wide range of industries and professions, ensuring your tax return is completed in accordance with all rules and regulations, every single year.

Self-assessment tax returns are something every self-employed worker in the UK is legally obliged to complete. Everyone earning over £100,000 per year must also complete an SA tax return. They must be completed every year, regardless of turnover, and the information contained with the SA tax return allows HMRC to calculate the exact amount of tax and National Insurance payable.

It’s possible to file a tax return by post and online. Those looking to file by post must submit their tax return before the end of the October following the tax year, while those filing online have until the end of the January following the tax year. All tax must also be paid by the end of January – failure to pay can lead to large fees and even legal action.

Self-Assessment Tax Returns Explained

Why Use MCL for SA Tax Returns?

At MCL Accountants, we have the experience needed to complete your tax return with the minimum of hassle, at a price you can afford. By outsourcing your self-assessment to us, you gain back valuable time in your day, which you can use to do what you’re best at: running your business.

Many people see hiring an accountant as an expense, but it’s not – it’s an investment. Using a knowledgeable accountant will likely save you money, even after fees are paid. This is simply because top accountants know exactly how to minimise your tax liability while always remaining within the law.

If you’re based in Thorpe Bay, or anywhere else in the area, we’re here to help you with your yearly SA tax return. We’ve completed thousands of SA tax returns in the past, for businesses of a range of different shapes and sizes. Quite simply, we know all there is to know about SA tax returns and know we can use our expertise to secure you the lowest tax bill possible while remaining completely within the law.

If you’d like to learn more about our self-assessment tax returns service or if you’d like to get a quote, you should call us today on 01702 593029, or alternatively send us a message using our contact form.

Get Your SA Tax Return Completed by an Expert

SA Tax Returns FAQs

Do you have a question about our self-assessment tax return service in Thorpe Bay? If so, you might find the answer you’re looking for below.

If you are a sole trader or partner and your business has a turnover of over £1,000 or more in the tax year, you must file an SA tax return. Anyone earning over £100,000 a year is also required to fill out an SA tax return. To register your return, you’ll first need to sign-up for self-assessment – something we can help you with as part of our service.

If you don’t file your tax return, you’ll be hit by a penalty of £100. If you’ve still not filed three months after the deadline, you’ll be fined an additional £10 per day. Fail to file within six months and a further fine is levied. Failure to submit a tax return can also lead to prosecution.

No, and many people choose to complete their SA tax return themselves. However, by doing so, they’re almost certainly missing out on a number of ways to save money on their tax bill. When you use experienced accountants, such as MCL, you’ll find that they minimise your tax bill and that you usually save money even when the accountant’s fees are factored into the equation.

It should also be remembered that SA tax returns are legal documents, therefore there can be legal ramifications if you complete them incorrectly, regardless of whether this is intentional or not. However, when you work with MCL Accountants, you can be sure that your tax returns will be completed in the correct manner, removing any chance of legal issues.

Yes, we certainly do. We also have clients in several other towns and cities throughout Essex, including Grays, Tilbury, Southend, Basildon, Brentwood, South Woodham Ferrers and Chelmsford. We also have clients in Greater London.

We tailor the price we charge to each client, taking into account the complexity of a return and how much time it will take to complete. By doing so, we ensure that every client is charged a fair price. For a quote, please don’t hesitate to contact us today.

Get in touch if you need further advice, have any questions about our self-assessment tax return service or would like a FREE consultation

MCL Chartered Accountants